City Office REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	163.8	171.13	179.1	180.49	164.04	160.84
Total Revenue	163.8	171.13	179.1	180.49	164.04	160.84
Revenue Growth (YoY	-5.61%	-4.45%	-0.77%	10.02%	1.99%	2.91%
Property Expenses	64.64	69.46	70	67.74	58.01	58.31
Selling, General & Administrative	15.72	15.2	14.84	13.78	15.49	10.69
Depreciation & Amortization	56.64	59.32	62.99	62.5	57.32	60.37
Total Operating Expenses	137	143.98	147.83	144.02	130.81	129.37
Operating Income	26.8	27.14	31.27	36.47	33.23	31.47
Interest Expense	-33.77	-34.34	-33.17	-27	-24.6	-27.69
EBT Excluding Unusual Items	-6.98	-7.2	-1.9	9.47	8.63	3.78
Merger & Restructuring Charges	-3.09	-	-	-	-	-
Gain (Loss) on Sale of Assets	-0.38	-1.46	-0.13	21.66	476.65	1.35
Asset Writedown	-110.69	-8.46	-	-13.44	-	-
Pretax Income	-121.14	-17.13	-2.04	17.68	485.28	5.13
Earnings From Continuing Operations	-121.14	-17.13	-2.04	17.68	485.28	5.13
Minority Interest in Earnings	-0.41	-0.56	-0.65	-0.69	-0.89	-0.6
Net Income	-121.55	-17.68	-2.68	16.99	484.4	4.53
Preferred Dividends & Other Adjustments	7.42	7.42	7.42	7.42	7.42	7.42
Net Income to Common	-128.97	-25.1	-10.1	9.57	476.98	-2.89
Net Income Growth	-	-	-	-96.49%	10600.13%	151.78%
Basic Shares Outstanding	40	40	40	42	43	47
Diluted Shares Outstanding	40	40	40	43	44	47
Shares Change (YoY)	0.53%	0.55%	-6.87%	-2.90%	-6.52%	7.33%
EPS (Basic)	-3.20	-0.63	-0.25	0.23	10.97	-0.06
EPS (Diluted)	-3.21	-0.63	-0.25	0.22	10.80	-0.06
EPS Growth	-	-	-	-97.96%	-	-
Dividend Per Share	0.300	0.400	0.500	0.800	0.650	0.600
Dividend Growth	-25.00%	-20.00%	-37.50%	23.08%	8.33%	-36.17%
Operating Margin	16.36%	15.86%	17.46%	20.21%	20.26%	19.57%
Profit Margin	-78.74%	-14.67%	-5.64%	5.30%	290.77%	-1.80%
EBITDA	83.49	86.34	95.33	99.04	90.89	91.82
EBITDA Margin	50.97%	50.46%	53.23%	54.87%	55.41%	57.09%
D&A For Ebitda	56.69	59.2	64.06	62.57	57.66	60.35
EBIT	26.8	27.14	31.27	36.47	33.23	31.47
EBIT Margin	16.36%	15.86%	17.46%	20.21%	20.26%	19.57%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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